Here’s What the Fed Does Next

This is a syndicated repost courtesy of The Daily Reckoning. To view original, click here. Reposted with permission.
The Fed raised rates yesterday, as I predicted back in December. The market dismissed it at the time, and only just caught on within the past couple of weeks. So basically, the market caught up with my forecast.
I don’t say this to pat myself on the back.
The point is, I use a rigorous scientific method to analyze and predict markets. I don’t guess or take positions just to get attention. I constantly apply new data to test my original hypothesis. If the data confirms my hypothesis, I stick with it. If the data conflicts with it, I step back and re-evaluate. You have to stay nimble.
I’m a big critic of the Fed models, but that’s because they’re obsolete and they don’t record with reality. You need the right ones.

This post was published at Wall Street Examiner by James Rickards ‘ March 16, 2017.